A typical offshore company is an Isle of Man Tax Exempt Company. It pays no tax in the Isle of Man.
There are certain conditions but Anglo Irish Trust (IOM) Limited ensures that these are met.

The annual exemption fee payable to the Isle of Man Government is £430.

Purpose of an Offshore Company

• To hold investments/real estate/assets of value
• To mitigate tax and provide tax efficiencies (following professional advice)
• Companies provide limited liability and can be used in civil law jurisdictions where the Trust concept is not recognised (e.g. Spain and Portugal)
• Holding intellectual property/patents
• Receiving royalties/commissions/international earnings
• Employing international workers
• Undertaking joint ventures
• Vehicle to enable international trading

• Read more on Setting up an Offshore Company with Anglo
• Isle of Man Corporate Brochure

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